How Taxpayers Subsidize AirBnB’s Cheap Prices
How you lose when AirBnB wins.
Read more...Category Archives: The destruction of the middle class
A Moral Challenge to Economists
Economists hide behind specious claims of neutrality and efficiency to advocate policies that often have negative moral and social impact.
Read more...Can Uber Ever Deliver? Part Six: Latest Data Confirms Bleak P&L Performance While Stephen Levitt Makes Indefensible Consumer Welfare Claims
More on Uber’s questionable prospects and the dubious defenses offered by boosters, in this case, “Freakonomics” professor Stephen Levitt.
Read more...A Tale of Two Retirements: The Great Divide Between CEOs and Everyone Else
Pension, compensation, and tax rules exacerbate inequality, fueling a huge gap between retirement benefits for CEOS and ordinary workers.
Read more...Ilargi: 2017 – Where the Truth Lies
‘Respectable’ news outlets have been feeding their readers ‘fake news’ for years now. 2017 will see changes in the offing, as we downsize.
Read more...A Battle Over American-Made Products Is Looming and Republicans Are in the Middle of It
Why “Buy American” is going to be a tough sale for Trump.
Read more...Wolf Richter: New Census Data Shows Why the Job Market is Still “Terrible” (as Trump said)
Lambert here: I blame Putin. By Wolf Richter, a San Francisco based executive, entrepreneur, start up specialist, and author, with extensive international work experience. Originally published at Wolf Street Hardly any improvement for individuals since the Great Recession. When Donald Trump campaigned on how “terrible” the jobs situation was, while the Obama Administration touted the […]
Read more...I Correct Schumer Fudging What Medicare Privatization Would Mean and He Pretends He Was Being Honest All Along
Chuck Schumer’s nose is getting so long that he needs to get a hacksaw. That does not not bode well for the Democrats standing up to Trump.
Read more...Tom Engelhardt: The Future According to Trump
Gaming out some likely Trump scenarios.
Read more...Uber’s Woes Mount: California Strips Driverless Cars’ Registration, Losses Rise, VAT Charges Loom
Uber has a bad week.
Read more...Flint Water Crisis: Michigan AG Pursues Felony Indictments Against Former Emergency Managers
Felony indictments of managers promise some accountability in the Flint Water Crisis. Will this extend up the political chain of command?
Read more...Student Loan Crisis Increasingly Snares Seniors’ Social Security Benefits
Rising student loan defaults by older borrowers leads some to see Social Security benefits garnished, pushing some below the poverty line.
Read more...Is Technological Progress Behind Growing Income Inequality?
Do elite-serving claims that technological change is a big driver of the rise in inequality hold up to scrutiny?
Read more...CNN Host’s Attempt to Explain the U.S. Economy Was So Bad I Started Yelling at the TV
Offshoring is about the rush to cheap labor, not about automation and new technology.
Read more...Uber, Gig Economy: “The Brutality of the System Is Being Lost on Those Who Actually Use These Apps”
The Financial Times’ Izabella Kaminska argues that the gig economy is a new form of feudalism.
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